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August 30, 2013, 06:13:53 PM |
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A currency can only function as long as it is accepted. That the entire issue in a nutshell. I'm not setting a question mark after the system of bitcoins, and a "evolving" encryption. The issue is, if the entire world wants bigcoins, what then? Lets say all 21 million is in circulation, 7 billion people are using them, 15 years later, 8 billion on earth. those 21 Million BTC must be interdevided once more, the value may very well go up, but who will give up there bitcoins then?
Will BTC crash, will we go over to government controlled currency again?
Mads Schmidt Petersen Founder and CTO at BitBrochure Corporation Ltd. Where can I spend my Bitcoins? bitbrochure.com
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